Question Booklet
Question Booklet
Question Booklet
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Section III: Short Answer <strong>Question</strong>s – 40 marks<br />
Answer the following short answer questions in full sentences. Make sure you use pen<br />
and write clearly.<br />
1 Explain what the law of diminishing returns means. Draw a graph to illustrate the<br />
law of diminishing returns. (5 marks)<br />
2. What are the three factors of production? Now, provide a real life example of each<br />
one. (5 marks)